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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $12.00 price target on Aurora Innovation Inc (NASDAQ:AUR) ahead of the company’s second-quarter earnings report. The stock has shown strong momentum, delivering a 52% return over the past year despite its characteristic volatility. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
Aurora Innovation launched its commercial self-driving service, named Aurora Driver, in Texas on May 1, in line with management’s timeline. The company has begun regular driverless customer deliveries between Dallas and Houston, becoming the first publicly traded company to launch self-driving trucks in the U.S. and the first to operate a commercial self-driving service with heavy-duty trucks on public roads in the country. While the company maintains a strong liquidity position with a current ratio of 9.5x, InvestingPro data shows it’s not yet profitable.
Aurora plans to expand its driverless service to El Paso, Texas and Phoenix, Arizona by the end of 2025. As of May 7, Aurora-equipped trucks have autonomously driven more than 3 million cumulative miles, up from approximately 2.6 million in February, and delivered over 11,000 commercial loads cumulatively, compared to about 9,500 loads as of February.
The company disclosed it achieved an Autonomy Performance Indicator (API) of 95% in the first quarter, up from 79% at the end of the fourth quarter of 2024, and exceeding its commercialization target of 90%.
Aurora Innovation is scheduled to report its second-quarter 2025 earnings after market close on Wednesday, July 30, followed by an earnings call at 5:00 PM ET the same day.
In other recent news, Aurora Innovation Inc. reported its first-quarter 2025 financial results, emphasizing its efforts to expand driverless trucking operations. The company’s earnings call underscored significant technological advancements and operational milestones. Cantor Fitzgerald has maintained its Overweight rating on Aurora, with a price target of $12.00, highlighting Aurora’s first-mover advantage in the autonomous trucking industry. Aurora has launched its commercial self-driving service, Aurora Driver, in Texas, becoming the first publicly traded company to introduce self-driving trucks in the United States.
The company plans to extend these services to El Paso, Texas, and Phoenix, Arizona, by the end of 2025. Aurora’s trucks have autonomously covered over 3 million miles and completed more than 11,000 commercial deliveries. Oppenheimer also reaffirmed its positive outlook on Aurora, with an Outperform rating and a $15.00 price target, citing successful demonstrations in complex conditions. These developments reflect Aurora’s ongoing progress in commercializing its autonomous technology.
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